S&P Global (SPGI) Hits New 12-Month High at $185.49

Shares of S&P Global Inc (NYSE:SPGI) hit a new 52-week high on Wednesday . The company traded as high as $185.49 and last traded at $185.76, with a volume of 1310975 shares trading hands. The stock had previously closed at $181.94.

A number of analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of S&P Global from $183.00 to $186.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Credit Suisse Group raised their target price on shares of S&P Global from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Barclays raised their target price on shares of S&P Global from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald raised their price target on shares of S&P Global from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price target for the company in a research note on Tuesday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. S&P Global currently has an average rating of “Buy” and a consensus price target of $186.64.

The company has a market capitalization of $45,793.40, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.52. The company has a debt-to-equity ratio of 4.13, a current ratio of 1.35 and a quick ratio of 1.52.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.22. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The business’s revenue was up 13.6% compared to the same quarter last year. equities research analysts predict that S&P Global Inc will post 8.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be paid a $0.50 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, February 23rd. S&P Global’s payout ratio is 28.37%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Inc. increased its stake in S&P Global by 13.1% in the fourth quarter. Advisor Group Inc. now owns 2,401 shares of the business services provider’s stock valued at $406,000 after purchasing an additional 278 shares in the last quarter. Virtu Financial LLC increased its stake in S&P Global by 18.4% in the fourth quarter. Virtu Financial LLC now owns 1,837 shares of the business services provider’s stock valued at $311,000 after purchasing an additional 286 shares in the last quarter. HAP Trading LLC increased its stake in S&P Global by 1.4% in the fourth quarter. HAP Trading LLC now owns 21,653 shares of the business services provider’s stock valued at $3,668,000 after purchasing an additional 291 shares in the last quarter. San Francisco Sentry Investment Group CA increased its stake in S&P Global by 26.3% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,465 shares of the business services provider’s stock valued at $248,000 after purchasing an additional 305 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in S&P Global by 18.8% in the third quarter. Rehmann Capital Advisory Group now owns 2,374 shares of the business services provider’s stock valued at $371,000 after purchasing an additional 376 shares in the last quarter. 85.21% of the stock is owned by hedge funds and other institutional investors.

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About S&P Global

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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